KPS Capital Partners leading in bid for Siemens' Innomotics unit
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
June 20, 2023
Following the previously communicated review and carve-out of Siemens' Motors and Large Drives business "Innomotics", BNP Paribas has now been mandated to explore a sale (NKP Proprietary)
Update: NBOs submitted in Jefferies advised sale of Single Use Support with Danaher reportedly having passed on its right of first refusal opening the path to a full sale, according to sources (NKP Proprietary)
Update: The Stifel-advised sale process of Vitroconnect is about to enter the second phase with NBOs having been collected (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
February 16, 2024
Vitroconnect, a privately owned open access (brokerage) platform connecting network carriers with internet service providers, is in the market with Stifel advising and teasers recently distributed - marketed off 2023 adj. EBITDA of EUR 10m acc. to sources (NKP Proprietary)
The owners of Ib Andresen Industri, a provider of steel components and solutions, explore ownership options advised by EY Corporate Finance according to multiple sources - Revenue of DKK 1,828m and EBITDA of DKK 136m in FY22/23 (NKP Proprietary)
Update: Summa Equity has engaged Bryan, Garnier & Co. to guide a potential exit of Documaster, a Norwegian provider of digital information management solutions - early-stage suitor dialogues to commence in Q2-2024 according to sources (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
August 23, 2023
Company to watch: Summa Equity expected to explore ownership options in Documaster, a Norwegian provider of digital information management solutions, within the next 12 months following strong growth figures, acc. to sources - run-rate EBITDA of EUR 2-4m (NKP Proprietary)
Update: NBOs are due this week in the Rothschild-advised sale of a minority stake in Hempel, a global supplier of coatings and paints headquartered in Denmark (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
April 29, 2022
The Hempel Foundation mandates investment bank Rothschild to explore a sale of a minority stake in coating supplier Hempel, IPO on the horizon - revenue of EUR 1,774m and EBITDA of EUR 203m in FY21 (NKP Proprietary)
Statkraft is working with SEB Corporate Finance on a potential divestment of its EV charging business, Mer, according to multiple sources (NKP Proprietary)
Update: following Sampo's announcement last week regarding a strategic review of Mandatum, its life insurance and asset management arm, we understand that Goldman Sachs is actively engaged in preparing for a possible sale or separate listing (NKP Proprietary)
Managed data storage SaaS and hardware provider Fast LTA, a portfolio company of Afinum since 2019, is being prepped for a H1-2024 sale with advisors appointed on the back of 2023 adjusted EBITDA of approx. EUR 13m, acc. to multiple sources (NKP Proprietary)
Update: Swiss-based Hochdorf, a baby food and milk powder producer is working with Alvarez & Marsal on its bond refinancing and delisting process, with NBOs submitted at the end of March - market off 2023 adjusted EBITDA of CHF 70m (NKP Proprietary)
CVC-backed on-roads payments provider DKV Mobility suspends IPO plans due to the uncertain market environment, previously tipped at around EUR 4 billion (Reuters/NKP Proprietary)
Company to watch: As a result of the strategic review announced in March, A.P. Moller Maersk is preparing for a possible sale of Svitzer, a leading global towage operator - revenue of USD 774m and EBITDA of USD 229m in FY22 (NKP Proprietary)
IK Partners is preparing for an H1-2023 exit process for OPEN, a Nordic POS and payment solution provider, advised by Lincoln International acc. to sources - revenue of above SEK 200m and EBITDA of SEK ~20m in 2022E with significant growth and margin improvements expected for 2023 (NKP Proprietary)
Privately owned coconet Group, which provides the multi:versa white label corporate banking platform, appoints ARTHOS Corporate Finance to explore a sale of the company during the first part of 2024 (NKP Proprietary)
Update: with management presentations completed in October, IMs being out, and an NBO deadline of second half of December, metering firm Techem's dual-track process mainly draws interest from infrastructure and pension funds, according to sources (NKP Proprietary)
MacArtney Group experiences strong growth to reach revenues of DKK 919m (+16.5% YoY) and EBITDA of DKK 84.5m in FY22/23 - Deloitte Corporate Finance recently appointed to explore a possible majority sale (NKP Proprietary)
Erhvervsinvest preparing for a sale of its portfolio firm since 2012, Design Eyewear Group, with Danske Bank Corporate Finance collecting indicative bids towards the end of September acc. to sources. The asset is market off an EBITDA of around DKK 45m for 2021 (NKP Proprietary)
Update: Bloomberg confirms NKP's coverage of the Morgan Stanley-led sale process for Immedica Pharma
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 22, 2023
Impilo has mandated Morgan Stanley to explore ownership options for its specialty pharmaceutical commercialization and distribution platform Immedica Pharma according to multiple sources - Revenues of SEK ~1,000m and EBITDA of SEK ~300m in FY23E (NKP Proprietary)
Update: NBOs were submitted before Christmas in the William Blair-guided sale of privately owned, Austrian-headquartered TT medic, a specialised plastic components manufacturer (CDMO) for the life science industry - opportunity first and exclusively covered by NKP on 12 Dec 2023 (NKP Proprietary)
NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights
December 12, 2023
Privately owned TT medic, a specialised plastic components manufacturer (CDMO) for the life science industry, is circled by sponsors and may launch William Blair guided sale early next year off EBITDA of close to EUR 10m - according to multiple sources (NKP Proprietary)
Korona Invest has engaged Translink Corporate Finance to advise on the planned sale of Enmac, a Finnish specialised engineering consulting firm held since 2020, with NBOs due mid-January 2024, acc. to sources - marketed off FY23E sales of EUR ~23m and EBITDA of EUR ~3.6m (NKP Proprietary)
Orifarm, a leading European supplier of parallel-imported and generic pharmaceuticals, is in the early stages of preparing a possible minority stake sale advised by Rothschild, acc. to multiple sources – Revenues of EUR 1,514m (+7% YoY) and EBITDA of EUR 104m in FY22 (NKP Proprietary)
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